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Some nice buys gone through on RGD. Still think it's got 50-100% more to do from current sp. GL
reckon the main fear depressing the sp is concern about lack of effective minority protection in the face of some stitch up combination with the Moz clinker...but may be the deteriorating cash position
12 million......... compared to 18.5 m a year earlier. A punt at this stage imo. ii's will wait to see what the update brings.
Well this is an interesting call! Cash position of $12m just six months ago but have they been spending more than they've generated in this time? Might be a 20-25% return on decent results when it issues a trading update (Jan/Feb?)
cheap as chips...perhaps below net cash and a handsome profitable net net with decent ownership/alignment ...worries incl cross holding with clinker development in Moz but I cannot resist at this level ...HNY all
Corporate finance broker and commodity trader Ambrian Capital* (AMBR) expects to report a substantial loss for the year ended December, following a poor performance across its entire business operations. The firm will be forced to make a further 500,000 pound write down of its investment in Ambrian Partners Limited (APL), a broking subsidiary the firm recently announced it would be selling this March. In addition to this, APL incurred further operating losses of circa one million pounds before the calendar year end, although Ambrian does not anticipate any further losses before the date of its disposal. Market conditions have also affected the value of the company's investments in public and private resource-based mining and exploration companies, while Ambrian Metals is also not expected to contribute to profit in the second half of the year, despite reporting a strong first six months. The shares plummeted 3.275p to 9.125p.
Gee; this is a fall off a cliff...just as well Ambrian pay a dividend....
LONDON, 29 June 2011 - At the annual general meeting of Ambrian Capital plc, the natural resources investment bank, to be held today, Ambrian's Chairman, Lawrence Banks, will make the following statement. "Ambrian has enjoyed strong trading across its operating businesses for the five months ended 31 May 2011. The performance of Ambrian's physical commodities businesses has exceeded our expectations for the year to date. Our energy business has performed particularly well which is highly encouraging as this is a new business line for Ambrian. Our client-focused corporate finance and equities division continues to build on its strong market leading position in the natural resources sector, breaking even for the same period. Notably, it was recently ranked 2nd in the Metals & Mining sector in the UK small cap Extel 2011 Rankings for a third year running, also attaining a number 2 ranking in the New Energy & Clean Technology sector for the first time. However, the valuations of our principal holdings in both the investment portfolio and in those held within corporate finance and equities have fallen, in line with the recent weakness in resource equity prices. This has impacted the Group's profit before tax for the five months to 31 May 2011. The losses incurred on the investment portfolio to date, all of which are unrealised, amount to about £600,000. Based on the current market value of the portfolios we expect Group profit for the six months ending 30 June 2011, before share option charges and tax, to be approximately £900,000. The balance sheet remains strong with our capital fully deployed in our operating businesses. Upon completion of the sale of the LME futures broking business, as announced in April 2011, the capital thereby released will be deployed in the further growth of Ambrian's physical commodities activities. The sale remains conditional on obtaining regulatory approval. We expect the physical commodities businesses to continue to perform solidly for the rest of the year. The performance of our corporate finance and equities business, which has a strong client base, is dependent on market conditions which continue to be difficult against a backdrop of macroeconomic and political uncertainty. We have diversified our revenue base, strengthened our organisation and increased our financing capability which positions us to benefit from the long term growth in the natural resources market."
http://investegate.co.uk/Article.aspx?id=201106291108543527J
Commenting on the results, Lawrence Banks, Chairman of Ambrian, said: "A strong performance in the second half, driven by our equities business and a significant increase in profits from our investments, improved Ambrian's performance for the full year. Our recent expansion into biofuels and oil trading are good examples of how Ambrian's integrated and complementary client-focused equities and physical metals trading businesses in the natural resources sector offer excellent opportunities to develop and grow the business. In February 2011, Tom Gaffney resigned as Chief Executive to fulfill family commitments. I would like to thank Tom for his significant contribution to the Company and we wish him every success for the future. We are fortunate to have secured Robert Ashley, who had a distinguished career at NM Rothschild and has a wealth of natural resources expertise, as Chief Executive. We are committed to developing the Ambrian platform so the business can achieve its full potential."
Operating Highlights · Ranked 1st by number of retained corporate clients in the AIM Basic Materials Sector for the 11th consecutive quarter (Hemscott First Quarter 2011) · Raised more than £450 million for corporate clients during the year · Ambrian handled 242,449 tonnes of refined copper in 2010 compared to 213,882 tonnes in 2009 · Strengthened commodities business with entry into physical energy with senior hires and acquisition of biofuels business
Ambrian Capital plc ("Ambrian" or "the Company"), the natural resources investment bank, today announced its final results for the year ended 31 December 2010. Financial Highlights · Total income of £22.65 million (2009: £18.78 million) · Profit before tax of £2.90 million (2009: £2.93 million) · Net asset value per share of 33.3p as at 31 December 2010 (2009: 33.3p) · Basic earnings per share of 1.99p (2009: 2.76p) · Final dividend of 0.75p per share recommended taking the full year dividend to 1.50p (2009:1.50p)
http://www.investegate.co.uk/Article.aspx?id=201104110700136241E
Ambrian sells commodities unit for over £4m Date: Monday 11 Apr 2011 LONDON (ShareCast) - Corporate finance advisory and commodity stock-broking firm Ambrian Capital has agreed to sell Ambrian Commodities to INTL FC Stone for a consideration of £4.3m: equal to the subsidiary´s net asset value minus current debt load. Ambrian will apply the funds raised from this transaction to Ambrian Metals Limited, its physical metals business, and Ambrian Energy, its physical energy trading business. In a separate statement, the group saw total income rise by 21% to £22.65m in 2010, primarily due to gains in its investment portfolio. Revenues grew by 5.9% to £18.56m, but pre-tax profit slipped slightly to £2.90m, from £2.93m, as a result of considerably higher administrative expenses. These were associated with costs from discontinuing non-natural resources stockbroking activities and growth initiatives, the group said. Profit after tax fell to £1.87m from last year´s £2.65m, as taxation surged to £1.03m, from just £0.28m previously. "A strong performance in the second half, driven by our equities business and a significant increase in profits from our investments, improved Ambrian's performance for the full year. Our recent expansion into biofuels and oil trading are good examples of how Ambrian's integrated and complementary client-focused equities and physical metals trading businesses in the natural resources sector offer excellent opportunities to develop and grow the business," said chairman Lawrence Banks. The company has announced a final dividend of 0.75p per share which will take the full year dividend to 1.50p, the same as in 2009. ab
Seems to be potential here for a fair upside from close SP even with todays 10% rise
Brokerage house Ambrian Capital* (AMBR) announced trading conditions in the year ended 31st December 2010 continued to be "favourable" with pre-tax profits and share-based charges expected to be "substantially" ahead of the previous estimate of 1.82 million pounds. In the last quarter of 2010, the group benefitted from a strong performance by Ambrian Partners Limited, primarily as a result of increased fund raising activity, and continued growth in the value of the principal investment portfolio. In light of this, research house GE&CR reiterated its "strong buy" recommendation for the business with a 50.2p target price. The shares advanced 2.25p to 27.25
This lot have lead in their boots. They are facing the big hot sector on the stock exchange but are totally unable to turn it into financial success. So much so that, and as proof they are witless, the only thing they can think of doing with cash is to buy their own shares back. And this when cash is tight and scarce. Pure naval gazing.
lovely little company. good attitude. Villa in France here I come...................
Ambrian Capital plc / Panmure Gordon & Co. plc (the "Companies") Joint announcement re press comment The respective boards of Ambrian Capital plc ("Ambrian") and Panmure Gordon & Co. plc ("Panmure Gordon") (together the "Boards") note the recent press speculation surrounding a possible transaction between the Companies. The Boards wish to confirm that they have had discussions about a possible combination of Ambrian and Panmure Gordon which may lead either to an offer by Ambrian to acquire the entire share capital of Panmure Gordon or to Panmure Gordon making an offer to acquire Ambrian. The Boards are evaluating the position with their respective advisers and will make a further announcement in due course. Discussions are at a preliminary stage and there can be no assurances that an offer will be made, nor as to the terms on which any offer may be made. 8 December 2008
Takeover target announced today. Can anyone shed light on this?
The Independent has this as HOLD
Ambrian Capital plc (AIM: AMBR) announces today that it has acquired Nabarro Wells & Co. Limited ('Nabarro Wells'), an independent corporate finance firm, for cash. Nabarro Wells, based in London, provides corporate finance, mergers and acquisitions and nominated advisor services. The transaction has received change of control approval from the Financial Services Authority. 04 April 2008
Hi Trucky, didn't get that far but should be on the website_____http://www.ambrian.com/______Are you still selling those Yorkie bars ?